Blackstone Group reportedly ends Dell bid

V.Phani Kumar

HONG KONG (MarketWatch) -- Blackstone Group LP has ended its efforts to acquire Dell Inc. less than a month after saying it would try to top a rival leveraged buyout bid, reports said late Thursday. Blackstone
BX, -0.10%
had been working on a bid -- which envisaged keeping a part of the company in the hands of public shareholders -- to top an offer from Dell's
DELL
founder Michael Dell and private-equity firm Silver Lake Partners. Several reports said Blackstone was dropping the bid due to concerns about Dell's operating-profit trends and weakness in the personal-computer sector. None of the reports carried direct comment from Blackstone or Dell.

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